EU: EU countries representative endorsed the European Commission’s proposal to allow insect feed in the aquaculture industry.
The decision removed the last barrier to the use of insects in fish feed in the EU.
The vote took place this week, following a discussion on the proposal in a meeting of the biological safety of the food chain section of the EU standing committee on plants, animals, food and feed.
The text is expected to be formally adopted during the spring 2017, which means that insect proteins should be effectively authorized for use in fish feed as from July 2017, according to the International Platform of Insects for Food and Feed (IPIFF).
“The opening of this legislation is in our view a major milestone towards the development of the European insect production sector, IPIFF’s president, Antoine Hubert said.
Hubert is also CEO of insect feed player Ynsect, which on Thursday announced it has raised $15.2 million in a series B investment round.
Investors in the French company include Future Positive Capital, Quadia and Bpifrance Ecotechnologies. Emertec, Demeter, Vis Vires New Protein Capital and Business Angels also invested in the firm.
This latest round brings the cumulative amount Ynsect has raised, from private and public sources, to $37m, the firm said.